Farfetch to cut up to 30% of workforce as Coupang takes over
Farfetch is set to cut up to 30% of its total workforce as global ecommerce retailer Coupang takes ownership, Drapers has reported.
The luxury fashion retailer is expected to cut between 25% and 30% of its staff after new owner Coupang said it was looking to “streamline the business” and increase ”financial strength”.
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